HHG Capital Corp
HHGC · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
In plain terms
- What it is
- A SPAC, listed on Nasdaq in September 2021.
- What it's doing now
- It agreed to buy Perfect Hexagon Group Limited. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
- What you should know
- This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.
At a glance
- Where it stands
- Closed (deSPAC)
- The business it bought
- Perfect Hexagon Group Limited
- Industry
- the deal record does not name the target's industry yet
- Deal value
- not stated in the filings we hold
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 21 September 2021
- size not on file · 101.0% of each $10 unit into trust
- Headquarters
- 1 COMMONWEALTH LANE, SINGAPORE, U0, 149544
- registered in the British Virgin Islands
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Ho Hock Lye Benjamin (Director) · Chew Siang Yong (Director) · KOK Chee Shiong Keith (Chief Executive Officer)
- Listed securities
- HHGC common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 21 September 2021IPOpassed
IPO size not on file
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- closedSEC primary
The score
deterministic, from filed fieldsHHGC is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
HHG Capital Corp (HHGC) is a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker HHGC. The company priced its initial public offering on September 21, 2021, according to a 424B prospectus filed with the SEC under accession number 0001493152-21-023259. HHGC is assigned SEC CIK 0001822886 and SIC industry code 6770. The ticker HHGC appears on the cover page of an 8-K filing dated December 20, 2022. The company's lifecycle is closed, having completed a business combination and ceased filing, as established by a Form 425 filed on August 4, 2023.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
- What changed vs 2023-11-14trust $35.3M → $36.4M +3%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $35.3M$36.4M
- Combination deadline
- 2024-09-23 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 3.32M · unchanged
SpacBrain reads this as $1,140,056 was added to the trust between the two filings.
The clause “401 12,672 Total current assets 101,573 28,686 Non-current assets : Investments held in Trust Account 36,402,174 35,909,651 TOTAL ASSETS $ 36,503,747 $ 35,938,337 LIABILITIES, TEMPORARY EQUITY AND SHAREHOLDERS’ DEFICIT Current”…
The clause “12) times for an additional one (1) month each time from September 23, 2023, to September 23, 2024, by depositing $0.0333 for each issued and outstanding Company ordinary share issued in the IPO for each one-month extension (only”…
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has concluded that the Company has incurred net cash used in operating activities and determined that the mandatory liquidation and”…
The clause “0,000,000 shares authorized; 1,727,000 shares issued and outstanding (excluding 3,323,561 shares subject to possible redemption) at March 31, 2024 and December 31, 2023, respectively 172 172 Accumulated deficit ( 2,045,325 ) ( 1,910,836 )”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
Show the other 10 filings
- What changed vs 2023-04-13trust $58.1M → $35.9M -38%deadline 2023-09-23 → 2024-09-23
trust account, combination deadline, going-concern doubt +12 moved · 2 with no prior record of ours
- Trust account
- $58.1M$35.9M
- Combination deadline
- 2023-09-232024-09-23
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 3.36Mnot matched in this filing
SpacBrain reads this as $22,166,632 left the trust between the two filings.
The clause “2,672 6,025 Total current assets 28,686 334,894 Non-current assets: Investments held in Trust Account 35,909,651 34,454,043 TOTAL ASSETS $ 35,938,337 $ 34,788,937 LIABILITIES, TEMPORARY EQUITY AND SHAREHOLDERS’ DEFICIT Current”…
SpacBrain reads this as 366 days later than the previous record.
The clause …“return any shares delivered by public holders. Automatic Liquidation if No Business Combination If we do not complete a business combination by September 23, 2024 (assuming full extension), it will trigger our automatic winding up,”…
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern ,” management has concluded that the Company has incurred net cash used in operating activities and determined that the mandatory liquidation”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2023-08-11trust $35.1M → $35.3M +0%deadline 2023-09-23 → 2024-09-23shares 3.36M → 3.32M -1%
trust account, combination deadline, redeemable shares +13 moved · 1 with no prior record of ours
- Trust account
- $35.1M$35.3M
- Combination deadline
- 2023-09-232024-09-23
- Redeemable shares
- 3.36M3.32M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $118,303 was added to the trust between the two filings.
The clause “9,256 6,025 Total current assets 25,802 334,894 Non-current assets: Investments held in Trust Account 35,262,118 34,344,102 TOTAL ASSETS $ 35,287,920 $ 34,678,996 LIABILITIES, TEMPORARY EQUITY AND SHAREHOLDERS’ DEFICIT Current”…
SpacBrain reads this as 366 days later than the previous record.
The clause …“may further extend the period ten more times for one month each time up to September 23, 2024. If a Business Combination is not consummated by November 23, 2023 and an extension is not requested by the Sponsor, there will be a”…
SpacBrain reads this as 32,845 shares are no longer redeemable.
The clause …“of $ 361,224 . Accordingly, at September 30, 2023 and December 31, 2022, 3,323,561 and 3,356,406 ordinary shares subject to possible redemption, respectively, are presented as temporary equity, outside of the shareholders’ deficit”…
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has concluded that the Company has incurred net cash used in operating activities and determined that the mandatory liquidation and”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2022-08-29deadline 2023-09-23 → 2024-09-23
combination deadline1 moved
- Combination deadline
- 2023-09-232024-09-23
SpacBrain reads this as 366 days later than the previous record.
The clause …“Business Combination. The Company’s management believes that it can close the Business Combination before September 23, 2024 (i.e., the Extended Termination Date). The Company is proposing to amend its Trust Agreement to allow the”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
No sponsor entity is named in the filings parsed for this SPAC so far.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1284 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
Unit: U = S + W + R/10 · 101.0% of the $10 unit
from 424B4 0001493152-21-023259
Trading & liquidity
Company profile
Directors & officers
- Ho Hock Lye BenjaminDirector
- Chew Siang YongDirector
- KOK Chee Shiong KeithChief Executive Officer
- Cho DeniseDirector
- HOOY Kok Wai10% owner
- CHAN Shuk Man LoraChief Financial Officer
- DI WeiyiDirector
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
2 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- HOOY Kok Wai19.2% · SC 13GFeb 14, 2022 stale
- Feis Lawrence Michaelwith 1 other reporting person on the same schedule4.5% · SC 13G/ADec 10, 2021 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
38 full SEC filing texts archived — searchable, never lost.
- Vault note — HHGC (HHG Capital Corp)
vault-note · /vault/tickers/HHGC
- Vault deal note — Perfect Hexagon Group Limited (HHGC)
vault-note · /vault/deals/perfect-hexagon-group-limited
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail4 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001493152-21-023259 priced 2021-09-21; common ticker HHGC off 8-K 0001493152-22-035933 (2022-12-20); lifecycle EXITED. Ending PROVEN, not inferred: CLOSED per 425 0001493152-23-026887 (2023-08-04) — the Company duly authorized by each of their respective boards of directors; ● each party if (a) on or after the Outside Date, if the Merger shall not have been consummated prior to the Outside Date; provided, however, that if an Extension Amendment shall be in effect, the Outside Date shall be the Extension Date, provided that no material breach of the Merger Agreement by the party seeking. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
AI-extracted target (z-ai/glm-5.2, conf 0.95)
target recovered for a completed de-SPAC; no agreement-naming filing on file, so announcedAt is NULL rather than guessed
entity created from the filed target name; no About paragraph on file, so every other field awaits a sourced read